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In 1990 the population of Canada was approximately 26.6 million. The population projection for 2015 is approximately 38.4 million. If the projection is based on a geometric sequence, what would be the annual growth rate? 

What assumptions do you also have to make, given that this is a geometric sequence?

 Feb 24, 2021
 #1
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26.6 * r25  = 38.4

 

r = 1.01479          ~~ 1.479 % annual growth rate

 Feb 24, 2021
 #2
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I guess you would have to assume first of all that it IS a geometric sequence

    and that the growth is continuous through out the interval and that the ratio r is a constant....

ElectricPavlov  Feb 24, 2021

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